Impact of open market value rules under GST- Rakesh Nangia & Nitin Narang
Introduction of Goods and Services Tax(GST), the biggest tax reform in the recent times, marks a tectonic shift that would propel India’s growth in line with Government of India’s vision. With this background, the Government/ GST council is fine tuning the GST rules in lines with the feedback received from various stakeholders. One of the rules in GST pertain to open market value, which has potential interplay with the existing income tax transfer pricing (TP) provisions, and/or SVB (Special Valuation Branch) proceedings in the erstwhile indirect tax regime.
Rakesh Nangia, Managing Partner and Nitin Narang, Executive Director- Transfer Pricing with inputs from Tarini Nijhara, Associate Director contributed an article on Impact of open market value rules under GST for ET CFO.
Our Transfer Pricing team contributed an detailed India Chapter on Transfer Pricing developments and trends – Rahul Mitra, Nitin Narang, Adarsh Rathi, N ShilpaLearn More
Public consultation document by OECD and BEPS action 14: Mapping the Global minimum standard – Nitin NarangLearn More
What is in Budget 2019 for Transfer Pricing?- Nitin Narang, Partner- Transfer Pricing and Adarsh Rathi, Director share their expectationsLearn More
Govt gives three-month extension to US multinational firms in filing financial info – Nitin NarangLearn More
Indian subsidiaries of multinational entities get more time to file ‘country-by-country’ reports – Nitin NarangLearn More